SEOUL, Feb. 28 (Korea Bizwire) — Reversing vehicles account for 14% of all pedestrian traffic accidents in South Korea, according to a new study that highlights the need for a greater adoption of advanced safety features. The Samsung Fire & Marine Insurance Traffic Safety Research Institute analyzed traffic accident data from 2019 to 2023, revealing that [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s birthrate and total fertility rate experienced a rare uptick in 2024, driven by an increase in the population of women in their early 30s. However, experts warn that this trend may be short-lived as broader demographic declines continue. According to the latest government data, approximately 238,000 babies [...]
SEOUL, Feb. 27 (Korea Bizwire) — As South Korea’s prolonged economic downturn continues, small business owners are increasingly burdened by rising labor costs. A recent analysis shows that small independent business operators employ an average of 1.8 workers per establishment, highlighting the strain on entrepreneurs trying to sustain their workforce. According to data from the [...]
SEOUL, Feb. 27 (Korea Bizwire) — Over 60 percent of large corporations have no plans for hiring new employees or are undecided on hiring in the first half, a poll showed Thursday. According to the survey conducted by Research & Research from Feb. 4-13 on the country’s top 500 companies by sales, 61.1 percent said [...]
CHUNCHEON, Feb. 27 (Korea Bizwire) — Gangwon Province in South Korea is set to receive 9,168 foreign seasonal workers this year from four partner countries – the Philippines, Vietnam, Laos, and Cambodia – to address rural labor shortages, provincial officials announced on February 26. The figure represents a 19% increase from last year, with 1,733 more workers [...]
GWANGJU, Feb. 26 (Korea Bizwire) — A man who attacked a police officer with a knife in the southwestern city of Gwangju died after being shot by the officer Wednesday. The officer from the Gwangju Dongbu Police Station was first stabbed twice by the 51-year-old knife attacker, whose identity was withheld, in an alley of [...]
SEJONG, Feb. 25 (Korea Bizwire) — South Korea’s construction industry is facing its worst downturn in years, with employment falling below 2 million workers for the first time since the Covid-19 pandemic, highlighting growing concerns about the broader economic impact of the sector’s prolonged slump. According to the Statistics Korea, construction employment plunged by 169,000 jobs [...]
CHEONAN, South Korea, Feb. 25 (Korea Bizwire) — A bridge collapsed at an expressway construction site in Cheonan on Tuesday, killing three workers and injuring five others, authorities said. The accident occurred at around 9:50 a.m. in the city some 80 kilometers south of Seoul during construction on a section of the Seoul-Sejong expressway. Five [...]
SEOUL, Feb. 25 (Korea Bizwire) — Even as anti-China protests have intensified amid South Korea’s presidential impeachment crisis, Chinese tourism has experienced an unexpected boom, with travel numbers surging more than 60% following China’s visa-free policy implementation. According to data obtained from the Ministry of Justice by lawmaker Park Eun-jung of the Rebuilding Korea Party, 647,901 [...]
SEOUL, Feb. 24 (Korea Bizwire) — In a prestigious mathematics academy in Seoul’s affluent Daechi-dong district, known as South Korea’s “education capital,” an admission question for elementary students recently read: “How many times does the digit ’1′ appear in the sum of the series 9+99+999+…+99999999999999999999 (twenty 9s)?” This was part of the academy’s notoriously difficult [...]